TakarékBank

TakarékBank was established by Hungarian savings co-operatives in 1989 to serve as their central bank. The majority of its shares are owned by local savings co-operatives and banks, and as of 1997 DZ Bank AG, the central bank of Germany’s saving co-operatives, has been a minority owner. As a central bank of savings co-operatives, TakarékBank supports and co-ordinates the coherent market activities of savings co-operatives, strengthens their competitive positions and provides them with a wide product portfolio. With TakarékBank’s support, savings co-operatives can offer their clients financial products and services they would not be able to offer based on their own individual resources or due to legal barriers.

In an effort to strengthen further the market presence of savings co-operatives, Takarékbank established in May 2008 TakarékPont, the strongest network of closely cooperating savings co-operatives that offers a uniform image and a uniform portfolio of retail services across the country. Besides being a central bank, TakarékBank also functions as an investment bank, and besides serving high net worth individuals directly, it also offers to savings co-operatives and their clients a strong and professional connection to domestic and international capital markets.